Hi robert good analysis thank you, from MGX's own presentations earlier this year the pellet project is an independent decision from the magnetite....regardless of Shougang involvement in magnetite it looks as if pellet plant will go ahead, low capex and good impact on bottom line. It was pretty scary this morning but there was good buying support which still keeps me highly optimistic. I guess it is also easy to forget this stock was sub 70 cents about a month ago.
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Last
33.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $402.0M | |||
| Open | High | Low | Value | Volume |
| 33.5¢ | 34.0¢ | 33.0¢ | $371.6K | 1.117M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 244726 | 33.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.0¢ | 266520 | 7 |
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| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| MGX (ASX) Chart |